Almaden Valley Real Estate Market Update – October 24, 2011
This past week saw a slight improvement in the Almaden Valley real estate market from the previous week. The total number of single family homes currently for sale decreased from 80 to 77, while the percentage of properties that are under contract increased slightly, from 35% to 36%. The number of traditional (ie non-distressed) single family homes currently for sale dropped from 71 to 68, and the number under contract remained at the 30% we saw last week.
Interest rates from some banks edged upward slightly, but still remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.
Almaden Valley Real Estate Market Update – October 31, 2011
This past week in Almaden Valley saw the market staying virtually the same as it has been the past few weeks. The number of single family homes listed as available on the market dropped from 77 last week to 74 this week, but the percentage of listings under contract remained almost the same, dropping from 36% to 35% over the same time frame. Traditional (ie non-distressed) single family homes experienced much the same trend, dropping from 68 available homes to 65 this week, and a drop in listings under contract from 30% to 29% over the same time frame. As we pass through the holiday season, I anticipate we will continue seeing the gradual cooling of the market that we see every year at this time.
Interest rates have drifted up and down slightly, but remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.
The number of distressed properties in the pre-foreclosure/auction/bank owned portion of the report increased for the third week in a row, after several weeks of gradual decrease.
Almaden Valley Real Estate Market Update – October 18, 2011
The number of active listings in Almaden Valley increased slightly from last week, from 76 to 80 this week. The percentage of listings that are in escrow decreased slightly, from 38% to 35%. Traditional (ie non-distressed) listings experienced a similar change, from 67 to 71 active listings and from 31% in escrow to 30% this week. This could very likely be the early stages of the annual slow-down we see around the holidays.
Interest rates remain fairly much at the same level as last week.
